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Tag Archives: glut

Global stock markets, oil price turn lower

Global stock markets, oil price turn lower

NEW YORK (AP) — U.S. stocks are opening lower as another drop in the price of oil and some weak corporate earnings got trading off to a gloomy start. Oil companies sank along with the price of crude early Friday. Chevron fell 1 percent. Several companies were also falling after releasing weak earnings or outlooks. Deere & Co. and Nordstrom ...

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Oil prices rise slightly, investors eye OPEC meeting

TOKYO – Crude oil prices rose in early Asian trade on Monday, although gains were limited as investors look ahead to an OPEC meeting where ministers from the oil producing group will set policy in the face of a market still in glut. Oil prices are heading for declines of as much as 10 percent this month as optimistic assessments ...

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Kazakhstan to maintain floating exchange rate policy, sell assets

ALMATY – Kazakhstan will keep its floating exchange rate after allowing its tenge currency to slide in line with oil prices and ordering bloated state holdings and companies to slim down, its president said on Monday. “There will be no return to endlessly supporting the tenge using the money from the National Fund,” President Nursultan Nazarbayev said in his annual ...

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Warm weather worsens glut of US gas, heating oil: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – Unusually mild weather across the United States this autumn has sharply reduced heating demand and contributed to the substantial oversupply of both natural gas and heating oil. Heating demand has been 27 percent lower than the long-term average so far this heating season according to ...

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